Jackson Creek Investment Advisors LLC Makes New $1.56 Million Investment in Wolverine World Wide, Inc. (NYSE:WWW)

Jackson Creek Investment Advisors LLC bought a new stake in shares of Wolverine World Wide, Inc. (NYSE:WWW) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 70,207 shares of the textile maker’s stock, valued at approximately $1,559,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Lisanti Capital Growth LLC acquired a new position in Wolverine World Wide during the 4th quarter valued at approximately $3,287,000. Raymond James Financial Inc. acquired a new position in shares of Wolverine World Wide during the fourth quarter valued at $2,914,000. Aigen Investment Management LP boosted its holdings in shares of Wolverine World Wide by 97.8% during the fourth quarter. Aigen Investment Management LP now owns 22,102 shares of the textile maker’s stock valued at $491,000 after acquiring an additional 10,927 shares during the period. Proficio Capital Partners LLC bought a new position in shares of Wolverine World Wide during the fourth quarter worth about $315,000. Finally, Victory Capital Management Inc. increased its holdings in shares of Wolverine World Wide by 240.0% in the 4th quarter. Victory Capital Management Inc. now owns 257,734 shares of the textile maker’s stock worth $5,722,000 after acquiring an additional 181,935 shares during the period. 90.25% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have commented on WWW shares. Stifel Nicolaus upgraded shares of Wolverine World Wide from a “hold” rating to a “buy” rating and upped their target price for the stock from $21.00 to $29.00 in a research report on Wednesday, December 11th. UBS Group decreased their price objective on Wolverine World Wide from $29.00 to $26.00 and set a “buy” rating for the company in a report on Thursday, February 20th. Robert W. Baird cut their target price on Wolverine World Wide from $21.00 to $18.00 and set a “neutral” rating on the stock in a research note on Thursday, February 20th. StockNews.com cut Wolverine World Wide from a “buy” rating to a “hold” rating in a research note on Tuesday, February 11th. Finally, Telsey Advisory Group restated a “market perform” rating and set a $23.00 price objective on shares of Wolverine World Wide in a research note on Wednesday, February 19th. Four analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat, Wolverine World Wide presently has a consensus rating of “Moderate Buy” and a consensus price target of $21.50.

Wolverine World Wide Trading Down 0.6 %

Shares of WWW stock opened at $14.22 on Friday. The company has a quick ratio of 0.77, a current ratio of 1.29 and a debt-to-equity ratio of 1.79. The stock has a 50-day simple moving average of $20.24 and a 200 day simple moving average of $18.90. Wolverine World Wide, Inc. has a fifty-two week low of $9.07 and a fifty-two week high of $24.64. The stock has a market capitalization of $1.14 billion, a P/E ratio of 25.85 and a beta of 1.88.

Wolverine World Wide (NYSE:WWW) last posted its quarterly earnings data on Wednesday, February 19th. The textile maker reported $0.42 earnings per share for the quarter, meeting the consensus estimate of $0.42. Wolverine World Wide had a net margin of 2.73% and a return on equity of 26.81%. The company had revenue of $494.70 million during the quarter, compared to analyst estimates of $485.74 million. During the same quarter last year, the firm posted ($0.30) EPS. The business’s revenue for the quarter was down 6.1% on a year-over-year basis. On average, sell-side analysts expect that Wolverine World Wide, Inc. will post 1.23 earnings per share for the current fiscal year.

Wolverine World Wide Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 1st. Shareholders of record on Tuesday, April 1st will be issued a $0.10 dividend. The ex-dividend date is Tuesday, April 1st. This represents a $0.40 annualized dividend and a dividend yield of 2.81%. Wolverine World Wide’s dividend payout ratio is currently 72.73%.

Wolverine World Wide Company Profile

Wolverine World Wide, Inc designs, manufactures, sources, markets, licenses, and distributes footwear, apparel, and accessories in the United States, Europe, the Middle East, Africa, the Asia Pacific, Canada and Latin America. It operates through Active Group and Work Group segments. The company offers casual footwear and apparel; performance outdoor and athletic footwear and apparel; kids' footwear; industrial work boots and apparel; and uniform shoes and boots.